Over half of Brits find it difficult to make their money stretch until next pay day

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According to TopCashback.co.uk, despite an abundance of budgeting apps and 24/7 access to our bank accounts, many of us are still struggling to manage our money effectively.

Infographic: Money Management

London (PRWEB UK)21 January 2014

Research by TopCashback, released today, reveals that over half of Brits are finding it difficult to make their money stretch until their next payday. The study indicated that 47% of us are enjoying pay day treats, whilst more than a quarter are overspending into next month’s pay check. Other key findings include:

The most popular pay day treat for men is going for a meal and for women, it’s buying clothes

A fifth of Brits would like to see pay day happen on a weekly basis

When Brits need to save the pennies, half will cut back on their social life expenses and a third will cut back on unnecessary shopping luxuries

TopCashback.co.uk, the UK's most generous cashback site, passes up to 105% of the commission rate that retailers pay it - to advertise their products and services – back to its members. The site has more than 3.2 million members, which is more than double the amount of members in the last two years alone.

TopCashback includes more than 4,000 merchants, from high street big names to smaller, niche online sellers. £3 million cashback is earned by TopCashback’s members each month, with £600 million worth of transactions passing through it each year. Consumers effectively get, on average, a 7% discount on each transaction they make simply by clicking through to their chosen retailer via TopCashback.co.uk, instead of going to the retailer’s website directly.

TopCashback also provides consumers with discount codes and vouchers, which can be used in conjunction with earning cashback. In 2012 it launched seven product-comparison tools, covering credit cards and insurance policies, which uniquely find the cheapest, and most appropriate, products for consumers’ needs while paying the commission rate to the individual as a cashback rebate on top.

In January 2013 TopCashback was the first cashback site to provide consumers with access to money-saving services through mobile phone camera technology with its ‘Snap & Save’ service, which gives shoppers cashback on in-store purchases.

In June 2013 TopCashback launched ‘TopCashback Plus’, which enables members to get the very best, unrivalled rewards from their shopping. Plus members receive 105% cashback on all purchases and fast-track customer service in addition to a host of other features. The ‘TopCashback Classic’ free service is still available to members inclusive of all its original benefits.

TopCashback.co.uk was named Britain’s 35th fastest growing private company in The Sunday Times Virgin Fast Track 100, in December 2012. In 2011 it ranked fifth in the league.